Pengaruh Efisiensi Penggunaan Modal Intelektual, Kebijakan Dividen, dan Struktur Modal Terhadap Nilai Perusahaan dengan Kepemilikan Manajerial sebagai Variabel Moderasi pada Perusahaan Manufaktur di Kawasan ASEAN 5

Imani, Alvira Adya (2023) Pengaruh Efisiensi Penggunaan Modal Intelektual, Kebijakan Dividen, dan Struktur Modal Terhadap Nilai Perusahaan dengan Kepemilikan Manajerial sebagai Variabel Moderasi pada Perusahaan Manufaktur di Kawasan ASEAN 5. Bachelor thesis, Universitas Pelita Harapan.

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Abstract

Tujuan dari penelitian ini yaitu menguji pengaruh modal intelektual, kebijakan dividen dan struktur modal terhadap nilai perusahaan dengan kepemilikan manajerial sebagai variabel moderasi. Nilai perusahaan dalam penelitian ini diukur menggunakan proksi Tobin’s Q, modal intelektual dalam penelitian ini diukur menggunakan proksi MVAIC, kebijakan dividen menggunakan rasio DPR dan struktur modal menggunakan rasio DER. Penelitian dilakukan dengan menggunakan data sekunder dari 82 perusahaan yang berada di kawasan ASEAN 5 yang termasuk dalam kategori industri Office of Manufacuring berdasarkan SIC Codes pada S&P Capital IQ selama periode 2012–2021. Teknik pengumpulan sampel dalam penelitian ini menggunakan purposive sampling method. Penelitian ini menemukan hasil bahwa modal intelektual berpengaruh positif terhadap nilai perusahaan dan struktur modal berpengaruh negatif terhadap nilai perusahaan, sedangkan kebijakan dividen tidak berpengaruh terhadap nilai perusahaan. Dalam penelitian ini juga ditemukan bahwa kepemilikan manajerial memperkuat hubungan antara struktur modal dan nilai perusahaan. Sedangkan, kepemilikan manajerial tidak mampu memoderasi pengaruh modal intelektual dan kebijakan dividen terhadap nilai perusahaan./The purpose of this study is to examine the effect of intellectual capital, dividend policy and capital structure on firm value with managerial ownership as a moderating variable. Firm value in this study is measured using Tobin's Q, intellectual capital in this study is measured using MVAIC, dividend policy using DPR and capital structure using DER. The research was conducted using secondary data from 82 companies in the ASEAN 5 region which are included in the Office of Manufacturing industry category based on SIC Codes on S&P Capital IQ during the period 2012–2021. The sample collection technique in this study used a purposive sampling method. This study found that intellectual capital has a positive effect on firm value and capital structure has a negative effect on firm value, while dividend policy has no effect on firm value. This study also found that managerial ownership strengthens the relationship between capital structure and firm value. Meanwhile, managerial ownership is unable to moderate the effect of intellectual capital and dividend policy on firm value.
Item Type: Thesis (Bachelor)
Creators:
Creators
NIM
Email
ORCID
Imani, Alvira Adya
01017210062
01017210062@student.uph.edu
UNSPECIFIED
Contributors:
Contribution
Contributors
NIDN/NIDK
Email
Thesis advisor
Naibaho, Eduard Ary Binsar
NIDN0316087502
eduard.naibaho@uph.edu
Uncontrolled Keywords: nilai perusahaan; modal intelektual; kebijakan dividen; struktur modal; kepemilikan manajerial
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: University Subject > Current > Faculty/School - UPH Karawaci > Business School > Accounting
Current > Faculty/School - UPH Karawaci > Business School > Accounting
Depositing User: ALVIRA ADYA IMANI
Date Deposited: 22 Jun 2023 01:37
Last Modified: 22 Jun 2023 01:37
URI: http://repository.uph.edu/id/eprint/56070

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